S&P Global Inc (NYSE: SPGI) has a price-to-earnings ratio that is above its average at 50.32x. The stock has a 36-month beta value of 1.14. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for SPGI is 319.85M, and at present, short sellers hold a 0.53% of that float. On April 18, 2024, the average trading volume of SPGI was 1.36M shares.
SPGI) stock’s latest price update
The stock of S&P Global Inc (NYSE: SPGI) has increased by 0.52 when compared to last closing price of 412.11. Despite this, the company has experienced a -2.05% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-16 that Although dividend investing has plenty of research backing its efficacy, it’s a slow burn. Further, it may incur high opportunity costs during broad-market rallies, such as what we saw during the bull in the Nasdaq last year.
SPGI’s Market Performance
SPGI’s stock has fallen by -2.05% in the past week, with a monthly drop of -2.29% and a quarterly drop of -5.77%. The volatility ratio for the week is 1.65% while the volatility levels for the last 30 days are 1.42% for S&P Global Inc The simple moving average for the past 20 days is -2.11% for SPGI’s stock, with a 1.56% simple moving average for the past 200 days.
Analysts’ Opinion of SPGI
Many brokerage firms have already submitted their reports for SPGI stocks, with Jefferies repeating the rating for SPGI by listing it as a “Buy.” The predicted price for SPGI in the upcoming period, according to Jefferies is $430 based on the research report published on October 16, 2023 of the previous year 2023.
Wolfe Research, on the other hand, stated in their research note that they expect to see SPGI reach a price target of $453. The rating they have provided for SPGI stocks is “Outperform” according to the report published on September 14th, 2023.
SPGI Trading at -2.98% from the 50-Day Moving Average
After a stumble in the market that brought SPGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.17% of loss for the given period.
Volatility was left at 1.42%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares sank -2.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.60% lower at present.
During the last 5 trading sessions, SPGI fell by -2.04%, which changed the moving average for the period of 200-days by +4.38% in comparison to the 20-day moving average, which settled at $422.60. In addition, S&P Global Inc saw -5.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPGI starting from Peterson Douglas L., who sale 6,000 shares at the price of $424.74 back on Feb 15 ’24. After this action, Peterson Douglas L. now owns 162,530 shares of S&P Global Inc, valued at $2,548,468 using the latest closing price.
Peterson Douglas L., the CEO & President of S&P Global Inc, sale 6,000 shares at $405.28 during a trade that took place back on Nov 15 ’23, which means that Peterson Douglas L. is holding 163,613 shares at $2,431,670 based on the most recent closing price.
Stock Fundamentals for SPGI
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.59 for the gross margin
The net margin for S&P Global Inc stands at 0.21. The total capital return value is set at 0.07. Equity return is now at value 7.44, with 4.29 for asset returns.
Based on S&P Global Inc (SPGI), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 12.07.
Currently, EBITDA for the company is 5.23 billion with net debt to EBITDA at 2.05. When we switch over and look at the enterprise to sales, we see a ratio of 11.47. The receivables turnover for the company is 4.42for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To sum up, S&P Global Inc (SPGI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
